Tamar FLNG project enters FEED phase

Offshore staff

TEL AVIV, Israel – Pre-front-end engineering design (FEED) has been completed for the Tamar and Dalit fields floating liquefied natural gas (FLNG) project offshore Israel.

According to partner Delek Group, the Tamar partners have opted to move to full FEED under the project’s second phase, based on production of up to 3 MM tons/yr of LNG.

Daewoo Shipbuilding & Marine Engineering signed an agreement with Levant LNG Marketing and Pangea LNG for the completion of the FEED stage. The agreement is in force for two years, or until the date of the final investment decision of the FLNG project.

Late last month the Tamar partners signed an agreement under which Oil Refineries Ltd. (ORL) will purchase up to 5.8 bcm (205 bcf) of gas from the field for industrial operations, a power station, and other ORL facilities in the Haifa Bay area. This comes into effect from start-up of the Tamar project and ends seven years later, but with an option for a two-year extension.

The partners committed to increase capacity for the handling and transmission of Tamar gas through establishment of additional infrastructure, including use of the near-shore Yam Tethys project’s facilities and the Mary B field reservoir for storage.

They also inked a supply deal with Dead Sea Works for 0.26 bcm/yr of gas to a new power plant in Sedom, expected to be in service in 2015.

11/28/2012

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